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AD Ports inks agreements to develop, operate port projects in Egypt
AD Ports Group signed a term sheet and head of terms agreement with the Red Sea Ports Authority for major port projects that will be established along the coast of Egypt
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Egyptian Trade minister, Mercedes-Benz discuss boosting investments
Egyptian Minister of Trade and Industry Nevine Gamea and a delegation from Mercedes-Benz Egypt discussed in Cairo boosting the company’s projects in the country.
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Egypt allocates EGP 6bn for projects to upgrade efficiency of national gad grid
Egypt unveiled a number of projects meant to upgrade the efficiency of the national gas grid as production from the Eastern Mediterranean fields continue to take an upturn, according to the Petroleum…
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Egypt’s exports to Turkey grow by 179% during Jan.
Egypt's exports to Turkey grew by 179 percent recording $480.5 million in January 2022 compared to $172.2 million in January 2022, with the value of the increase being $308.2 million according to The…
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Egypt launches new campaign to promote country’s tourist destinations ahead of summer season
Under the title ‘Your Vacation in Egypt’, the Ministry of Tourism and Antiquities — represented by the Egyptian Tourism Promotion Board (ETPB) — launched on Saturday a new promotional campaign on…
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Bank Misr acquires Banque du Caire in deal worth EGP 6.9 bln
State-owned Bank Misr has carried out an ownership transfer transaction for fellow state-owned Banque du Caire in a deal valued at EGP 6.9 billion, the Egyptian Stock Exchange (EGX) announced on…
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Egypt’s non-oil exports hit $9.17bn during Q1-22
Egypt's non-oil exports reached around $9.17 billion in the first quarter (Q1) of 2022, up 20% from $7.67 billion in the year-ago period, the Minister of Trade and Industry, Nevin Gamea, announced.
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Egypt’s public debt to decline to its pre-pandemic levels by 2026, IMF
The International Monetary Fund (IMF) expects that the ratio of public debt to GDP in Egypt would decline to pre-pandemic levels by 2025 or 2026.
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Honeywell eyes USD 200 mn worth of investments in Egypt
US conglomerate Honeywell is looking to invest around USD 200 mn in petrochemicals and the production of green fuels for aircraft in Egypt, the company’s North Africa head Khaled Hashem said in a…
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Egyptian Bourse ends Tuesday’s session on varied note
The Egyptian Exchange (EGX) ended Tuesday’s trading session on a mixed note with the benchmark EGX30 index rising by 1.27% to 10,682.08 points.
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